Teacher Retirement System of Texas Sells 7,403 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Teacher Retirement System of Texas lowered its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 398,033 shares of the auto parts company’s stock after selling 7,403 shares during the quarter. Teacher Retirement System of Texas owned about 0.34% of American Axle & Manufacturing worth $2,321,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AXL. Dana Investment Advisors Inc. grew its holdings in shares of American Axle & Manufacturing by 30.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company’s stock valued at $6,399,000 after buying an additional 256,150 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in American Axle & Manufacturing by 45.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock valued at $2,380,000 after purchasing an additional 119,991 shares during the last quarter. XTX Topco Ltd acquired a new position in American Axle & Manufacturing during the 3rd quarter valued at about $62,000. Barclays PLC increased its holdings in American Axle & Manufacturing by 274.4% during the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock worth $1,234,000 after purchasing an additional 146,430 shares in the last quarter. Finally, FMR LLC raised its stake in shares of American Axle & Manufacturing by 25.8% in the third quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock worth $3,160,000 after purchasing an additional 104,936 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. TD Cowen began coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a “hold” rating and a $5.00 price objective for the company. Barclays cut their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Stock Down 0.3 %

Shares of NYSE AXL opened at $4.49 on Thursday. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The stock has a market capitalization of $527.35 million, a PE ratio of 16.02 and a beta of 1.85. American Axle & Manufacturing Holdings, Inc. has a one year low of $4.30 and a one year high of $7.98. The business’s fifty day moving average price is $5.09 and its 200-day moving average price is $5.78.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) earnings per share. On average, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.